2
Lesson 2 of 84 · Economics
Goods and Services
Goods are things you can touch, like a ball or a book. Services are things people do for you, like a haircut or a doctor's visit.
Key Facts
1
Producers make things; consumers buy them.
2
Every choice means giving up something else.
3
Needs are different from wants.
Check Your Understanding
Question 1
1 of 2What are goods?